Saving & Budgeting

TFSA

All You Need to Know About the Tax-Free Savings Account

How can you pay lower taxes to the Canada Revenue Agency on your capital gains for equity investments?


Is the TFSA gaining in popularity among Canadians?

LSPD

The Canada Revenue Agency will levy a penalty if you overcontribute to your TFSA


The TFSA is a flexible account that can be leveraged to generate tax-free income.


Why is a TFSA Better Than Other Savings Account?

While contributions towards your TFSA are not tax-deductible, any withdrawals are exempt from Canada Revenue Agency taxes.